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AD VALOREM TAX: A tax that is specified as a percentage of value. Sales, income, and property taxes are three of the more popular ad valorem taxes devised by government. The total ad valorem tax paid increases with the value of what's being taxed.
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Lesson 18: Banking | Unit 1: What It Is
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Page: 1 of 24
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The primary profit-motivating task of a bank is to match up borrowers and savers. Two main functions: - First: Banks maintain deposits for costumers.
- Second: Banks offer loans to credit-worthy customers.
Banks and the money supply: - Banks are financial intermediaries.
- Banks must remain stable because their deposits are part of the economy's money supply.
- Closing down a bank would be detrimental to the money supply.
Regulation: - Banks are heavily regulated by government.
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NEAR MONIES Relatively liquid financial assets that are not used as the medium of exchange, but which can be quickly and easily converted to money with little or no loss of value. One group of near monies, best thought of as household savings, are added to M1 to obtain M2 and another group of near monies, best thought of as short-term institutional investments, are added to M2 to obtain M3.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time driving to a factory outlet wanting to buy either a birthday greeting card for your father or a T-shirt commemorating the first day of spring. Be on the lookout for neighborhood pets, especially belligerent parrots.
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This isn't me! What am I?
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Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
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"If you worried about falling off the bike, you'd never get on. " -- Lance Armstrong, bicycle racer
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CDE
Corporate Data Exchange
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